The typical owner-occupied home in Sulphur Springs is worth about $113,900, 39% below the Arkansas median of $188,000 and 66% below the national median of $332,700. Owners pay a median $633 a year in property taxes, about 0.56% of their home's value, close to the Arkansas rate of 0.55%. The median household earns $36,641 a year, so the median home costs 3.1 times the median income (3.1 times for Arkansas). 93% of occupied homes here are lived in by their owners, and 5% of those owners still have a mortgage.
Sulphur Springs at a glance
| Sulphur Springs | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $113,900 | $188,000 | $332,700 |
| Median property tax paid per year | $633 | $1,040 | $3,119 |
| Property tax as a share of value | 0.56% | 0.55% | 0.94% |
| Median household income | $36,641 | $60,773 | $80,734 |
| Homes lived in by their owners | 93% | 66% | 65% |
| Owner homes with a mortgage | 5% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 12.3% | 18.5% | 21.0% |
| Median rent | – | $947 | $1,413 |
| Median year homes were built | 1992 | 1987 | 1980 |
| Vacant homes | 16.1% | 13.5% | 10.1% |
| Population | 564 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Sulphur Springs
At this week's average 30-year rate of 7.11%, buying the median Sulphur Springs home of $113,900 with 20% down costs about $714 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $903, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $30,582 for the 20%-down payment. That payment is 23% of the median Sulphur Springs household income of $36,641; at that income and 20% down, the 28% guideline points to a home of about $136,000.
| Down payment | $22,780 |
|---|---|
| Loan amount | $91,120 |
| Principal and interest | $613 |
| Property taxes (0.56% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $714 |
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| Down payment | $3,986 |
|---|---|
| Loan amount | $111,837 |
| Principal and interest | $752 |
| Property taxes (0.56% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $903 |
Change the numbers in the calculator
Questions about home buying in Sulphur Springs
What is the median home value in Sulphur Springs?
About $113,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sulphur Springs?
Homeowners pay a median $633 a year, which is about 0.56% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Sulphur Springs?
For the median home with 20% down at 7.11%, the payment is about $714 a month. Keeping that under 28% of gross income takes about $30,582 a year.
More about Sulphur Springs
- Mortgage Refinance in Sulphur Springs
- Debt Relief in Sulphur Springs
- Home Equity Loans in Sulphur Springs
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data